Do we need deeper trade agreements for GVCs or just a BIT?

被引:49
作者
Boffa, Mauro [1 ]
Jansen, Marion [2 ]
Solleder, Olga [2 ]
机构
[1] European Univ Inst, Robert Schuman Ctr Adv Studies, Florence, Italy
[2] Int Trade Ctr, Geneva, Switzerland
关键词
bilateral investment treaties; deep trade agreements; economic integration; global value chains; trade policy;
D O I
10.1111/twec.12766
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
The paper investigates two policies geared towards stimulating and shaping global value chains (GVCs), namely deep regional trade agreements (DRTAs) and bilateral investment treaties (BITs). In an augmented gravity model, we test the impact of both policies on a variety of trade in value added indicators. We find that both policies are likely to increase GVC trade, although their transmission channels differ. While backward linkages are stimulated through both BITs and DRTAs, forward linkages respond only to DRTAs. The estimates suggest that negotiating a DRTA with investment provisions has a higher impact on trade in value added than signing a shallow RTA and a separate BIT. © 2018 John Wiley & Sons Ltd
引用
收藏
页码:1713 / 1739
页数:27
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